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* Shelter: 0.8% MoM, 7.5% YoY | * Shelter: 0.8% MoM, 7.5% YoY | ||
=== Categories watched by the FED: === | === Categories watched by the FED: === | ||
The three-month annualized rates already show signs that the rate of inflation in recent months is coming back to normal for most items, except for the shelter component, which is known to have a significant lag in the CPI data.<ref>https://twitter.com/NickTimiraos/status/1613535547125018625</ref> | The Fed has placed special attention in recent meetings to the Services inflation less housing for being the most sticky, it rose 0.4% MoM, and still remains high and away from their target. | ||
* Core goods: 2.1% YoY | |||
* Shelter: 7.5% YoY | |||
* Services less shelter: 7.4% YoY | |||
However, the three-month annualized rates already show signs that the rate of inflation in recent months is coming back to normal for most items, except for the shelter component, which is known to have a significant lag in the CPI data.<ref>https://twitter.com/NickTimiraos/status/1613535547125018625</ref> | |||
Core goods: -4.8% | Core goods: -4.8% | ||
Shelter: | Shelter: 9.2% | ||
Services less shelter: 1.2% | Services less shelter: 1.2% |